Ethical Investments: The Heart of Islamic Finance

Islamic Account

Islamic Accounts – Respectful Trading

Online trading platforms allow you to access the CFD markets 24 hours a day, and give you access to a variety of instruments – foreign exchange, commodities, shares, bonds, ETFs, currency options and more. Some traders engage in day trading, which means keeping positions open for a few hours or less. Other traders, however, employ trades with a longer scope and keep their positions open for more than 24 hours.

When you keep a position open overnight, you will need to pay a rollover fee. This type of fee goes against Riba principles of Sharia law. For that reason, we offer an Islamic account to be used by our Islamic clients, such accounts may keep positions open for a maximum of 5 days without incurring the rollover fee. Positions open for longer than 5 days will incur the fee.

How to open an Islamic account in 3 simple steps:

  • Verify your account by sending all the relevant documentation.
  • Fund your current trading account.
  • After you’ve funded your account, you can apply for an Islamic account, which operates under the Sharia Law. The request will then be forwarded to the relevant department for review and approval. Requests are usually processed within 1-2 business days.
Islamic Account
Islamic Account
Islamic Account
Islamic Account
Islamic Account
Islamic Account

Our Other Accounts

Islamic Account

Joint Account

Say goodbye to Riba, you won’t pay or earn any interest on your positions.

Islamic Account

Corporate Accounts

Enjoy professional trading solutions customized to meet the unique needs of your corporation.